WallStSmart

St Joe Company (JOE)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 451% more annual revenue ($2.85B vs $518.09M). SBAC leads profitability with a 35.7% profit margin vs 21.6%. SBAC trades at a lower P/E of 21.6x. SBAC earns a higher WallStSmart Score of 49/100 (D+).

JOE

Hold

48

out of 100

Grade: D+

Growth: 6.0Profit: 7.0Value: 3.7Quality: 7.5
Piotroski: 7/9Altman Z: 2.06

SBAC

Hold

49

out of 100

Grade: D+

Growth: 4.0Profit: 8.0Value: 4.7Quality: 5.0
Piotroski: 5/9Altman Z: -0.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

JOESignificantly Overvalued (-16.7%)

Margin of Safety

-16.7%

Fair Value

$58.71

Current Price

$64.87

$6.16 premium

UndervaluedFair: $58.71Overvalued
SBACUndervalued (+0.8%)

Margin of Safety

+0.8%

Fair Value

$192.43

Current Price

$208.02

$15.59 discount

UndervaluedFair: $192.43Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

JOE1 strengths · Avg: 9.0/10
Profit MarginProfitability
21.6%9/10

Keeps 22 of every $100 in revenue as profit

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
35.7%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

Debt/EquityHealth
-3.2410/10

Conservative balance sheet, low leverage

Areas to Watch

JOE2 concerns · Avg: 3.0/10
P/E RatioValuation
33.6x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-19.9%2/10

Earnings declined 19.9%

SBAC4 concerns · Avg: 2.3/10
Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
8.502/10

Expensive relative to growth rate

EPS GrowthGrowth
-14.7%2/10

Earnings declined 14.7%

Altman Z-ScoreHealth
-0.262/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : JOE

The strongest argument for JOE centers on Profit Margin. Profitability is solid with margins at 21.6% and operating margin at 18.3%.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 35.7% and operating margin at 52.4%.

Bear Case : JOE

The primary concerns for JOE are P/E Ratio, EPS Growth.

Bear Case : SBAC

The primary concerns for SBAC are Return on Equity, PEG Ratio, EPS Growth.

Key Dynamics to Monitor

JOE carries more volatility with a beta of 1.29 — expect wider price swings.

SBAC is growing revenue faster at 5.9% — sustainability is the question.

SBAC generates stronger free cash flow (207M), providing more financial flexibility.

Monitor REAL ESTATE - DIVERSIFIED industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SBAC scores higher overall (49/100 vs 48/100), backed by strong 35.7% margins. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

St Joe Company

REAL ESTATE · REAL ESTATE - DIVERSIFIED · USA

The St. Joe Company is a real estate development, asset management and operation company in Northwest Florida, USA. The company is headquartered in Panama City Beach, Florida.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.

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